N@N

"Nobody knew what streaming was"- When Shark Tank's Mark Cuban opened up about his first venture AudioNet

The article from MSN discusses Mark Cuban's early entrepreneurial venture, Audionet, which later became Broadcast.com. Launched in 1995, Audionet was one of the first companies to stream live audio over the internet, a concept that was revolutionary at the time. Cuban, along with his partner Todd Wagner, started this venture from a small office in Dallas, Texas. They initially struggled with the technology and the concept of streaming, as the internet was not yet widely used for such purposes. Cuban recounts how they had to explain what streaming was to potential investors and users, often facing skepticism. Despite these challenges, Audionet managed to secure a deal with Yahoo! in 1999, selling for $5.7 billion in stock, which was one of the largest internet deals at the time. This venture not only marked Cuban's entry into the billionaire club but also highlighted his foresight into the potential of internet broadcasting, setting the stage for his future successes in tech and media.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/smallbusiness/nobody-knew-what-streaming-was-when-shark-tank-s-mark-cuban-opened-up-about-his-first-venture-audionet/ar-AA1zAkEr ]